Gamco Investors INC. ET AL Purchases 48,235 Shares of GCI Liberty, Inc. – Series C GCI Group $GLIBK

Gamco Investors INC. ET AL lifted its stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 105.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,113 shares of the company’s stock after buying an additional 48,235 shares during the period. Gamco Investors INC. ET AL owned about 0.33% of GCI Liberty, Inc. – Series C GCI Group worth $3,502,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Versor Investments LP acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $2,657,000. Barclays PLC acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $119,947,000. Luxor Capital Group LP acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $10,846,000. Vanguard Group Inc. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $81,260,000. Finally, Alberta Investment Management Corp acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $23,480,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GLIBK shares. Zacks Research cut GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Stock Down 1.7%

Shares of GLIBK opened at $24.92 on Thursday. The firm has a market capitalization of $893.46 million and a price-to-earnings ratio of -2.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. The business’s fifty day moving average price is $34.27 and its two-hundred day moving average price is $35.61. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $24.70 and a 52 week high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. On average, analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current year.

GCI Liberty, Inc. – Series C GCI Group Company Profile

GCI Liberty Inc is an American holding company whose principal operating asset is a majority ownership interest in General Communication Inc, the largest integrated telecommunications provider in the state of Alaska. GCI Liberty was formed in December 2019 as a tracking stock of Liberty Interactive Group to hold certain communications and digital media investments. Its shares trade on the NASDAQ under the ticker symbol GLIBK.

Through its subsidiary, the company delivers high-speed broadband internet, cable and direct-to-home video distribution, fixed voice, and mobile wireless services to residential customers across Alaska.